Location: Washington County, OH | Metro: Monroe County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
The ZIP code 45789 stands as a market in flux, defined by the interplay between its Fixed Monthly Rent (FMR) and the broader housing dynamics. With an FMR of $1,110 set for metro FY 2026, it's evident that the area is pricing itself into a niche that caters to moderate-income renters. The lack of reported market rent suggests either limited data availability or a market that closely aligns with the FMR, indicating a strong influence of Section 8 standards on local rental pricing.
The absence of data on price-cut share and days on market (DOM) leaves some uncertainty around the immediate supply-demand balance. However, the fact that the median home value is also unreported implies a focus on the rental sector rather than homeownership, which could be due to a variety of factors including affordability or preference. This snapshot hints at a market where rental properties are the primary housing stock, suggesting that demand for rentals might be steady, if not slightly outpacing supply given the reliance on Section 8 standards.
A 5.9% renter share is notably low, indicating that the majority of residents in ZIP 45789 own their homes. Despite this, the low renter share doesn't necessarily mean there's less housing pressure. Instead, it points to a community where homeownership is prevalent but can also imply that any increase in rental demand could quickly escalate housing costs, putting pressure on the rental market. Landlords and small-portfolio investors should view this ZIP code as one where the rental market is likely to grow in significance as the population evolves, especially with the FMR guiding the rental prices upwards.
In summary, ZIP 45789 is a market where the rental sector, though currently modest, is poised to become more influential. The dynamics suggest a stable demand for affordable rentals, driven by Section 8 standards, and a potential for increased pressure as the area develops further. For investors, understanding these nuances is crucial for making informed decisions.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.